this post was submitted on 16 Dec 2023
83 points (96.6% liked)

Ask Lemmy

26753 readers
1577 users here now

A Fediverse community for open-ended, thought provoking questions

Please don't post about US Politics. If you need to do this, try !politicaldiscussion


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either [email protected] or [email protected]. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email [email protected]. For other questions check our partnered communities list, or use the search function.


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 1 year ago
MODERATORS
 

What budgeting advice do you recommend? Money management method?

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 10 months ago (1 children)

Maybe a bit basic but at the beginning of every month I clone this Google Sheets template, set goals in each category, and manually log receipts as I spend. Then at the end of the month, I "audit" my budget against my credit card transactions, pay off credit, and create the next month's budget with any adjustments learned from the previous one.

For bigger view, long-term, I just linked all my accounts into Quicken and look at it sometimes.

[โ€“] [email protected] 4 points 10 months ago

I created my own, very simple sheet back in the day and it served me well enough.

Reality is, unless you're running a business, tracking every cent in super granular accounts/columns isn't really useful. My approach was to simply categorize into running expenses, groceries, cloth, leisure, major expenses (washing machine, phones). That makes tracking very simple, so it doesn't take long and you actually keep doing it.